年 報 ANNUAL REPORT 2024 2024 JU TENG INTERNATIONAL HOLDINGS LIMITED ANNUAL REPORT 2024 年報 巨騰國際控股 有 限 公 | 公司資料 | 2 | | --- | --- | | 財務摘要 | 4 | | 主席致辭 | 5 | | 管理層討論及分析 | 7 | | 管理層履歷 | 15 | | 董事會報告 | 19 | | 企業管治報告 | 34 | | 獨立核數師報告 | 47 | | 綜合損益表 | 53 | | 綜合全面收益表 | 54 | | 綜合財務狀況表 | 55 | | 綜合權益變動表 | 57 | | 綜合現金流量表 | 59 | | 財務報表附註 | 62 | | 五年財務概要 | 144 | 1 巨騰國際控股有限公司 年報 2024 公司資料 執行董事 司 目錄 鄭立育先生 （主席兼執行長） 邱輝欽先生 （戰略長） 黃國光先生 林豐杰先生 徐容國先生 （財務總監） 非執行董事 鄭立彥先生 獨立非執行董事 程嘉君先生 蔡文預先生 （於二零二四年五月十六日退任） 葉偉明先生 袁志豪先生 莊淑惠博士 （於二零二四年 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確 性或完備性亦不發表任何聲明，並表明不會就因本公告全部或任何部份內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 JU TENG INTERNATIONAL HOLDINGS LIMITED （於開曼群島註冊成立之有限公司） （股份代號：3336） - 1 - ⚫ 截至二零二四年十二月三十一日止年度的收入約為 6,026,000,000 港元，同比下跌約 13.1%。 ⚫ 截至二零二四年十二月三十一日止年度的毛利約為173,000,000港元，同比下跌約65.9%。 ⚫ 截至二零二四年十二月三十一日止年度的毛利率由截至二零二三年十二月三十一日止年 度的約 7.3%下跌至約 2.9%。 ⚫ 截至二零二四年十二月三十一日止年度的本公司股權持有人應佔虧損約為 530,000,000 港 元，對比截至二零二三年十二月三十一日止年度的本公司股權持有人應佔虧損約為 231,000,000 港元。 ⚫ 截至二零二四年十二月三十一日止年度的本公司股權持有人應佔每股基本虧損約為 62.7 港仙，對比二零二三年十二月三十一日年度的本公司股權 ...

JU TENG INTERNATIONAL HOLDINGS LIMITED 巨 騰 國 際 控 股 有 限 公 司 (於開壘群島註冊成立之有限公司) 股份代號: 3336 中期報告 公司資料 | --- | --- | |-------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------| | | | | | | | 執行董事 | 企業管治委員會 | | 鄭立育先生 （主席兼執行長） 邱輝欽先生 （戰略長） 黃國光先生 林豐杰先生 徐容國先生 （財務總監） | 葉偉明先生 （主席） 鄭立育先生 黃國光先生 程嘉君先生 蔡文預先生 （於二零二四年五月十六日退任） 袁志豪先生 | | 非執行董事 | | | 鄭立彥先生 | 香港法律之法律顧問 趙不渝馬國強律師事務所 | | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 JU TENG INTERNATIONAL HOLDINGS LIMITED （於開曼群島註冊成立之有限公司） （股份代號：3336） 截至二零二四年六月三十日止六個月 中期業績 | --- | --- | |-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 財務摘要 | | ⚫ | 截至二零二四年六月三十日止六個月的收入約為 2,999,000,000 港元，同比下跌約 13.4% 。 | | ⚫ | 截至二零二四年六月三十日止六個月的毛利約為 199,000,000 港元，同比上升約 84.9% ...

Continuous Connected Transactions - The company conducted continuous connected transactions during the year ended December 31, 2023, as disclosed under Listing Rule 14A.49, involving Renbao, a major shareholder of Huayuan Technology Holdings Limited, a non-wholly owned subsidiary of the company[1] - The company appointed Ernst & Young as auditors to report on the continuous connected transactions, and Ernst & Young issued an unmodified opinion letter confirming compliance with Listing Rule 14A.56[2] Corporate Governance and Board Activities - The company's Board of Directors held four meetings and one shareholders' meeting during the year ended December 31, 2023, with attendance records provided for each director[11] - The company's Corporate Governance Committee consists of six members, including independent non-executive directors and executive directors, with Mr. Ye Weiming serving as the chairman[13] - The company's Board of Directors has adopted a written policy for nominating new directors, emphasizing the candidate's ability to dedicate sufficient time and effort to the company's affairs and contribute to a diverse board[16] - The company achieved measurable goals for board diversity, including ensuring at least one-third of board members hold a university degree or higher and maintaining an age distribution of at least 20 years among board members[18] - The company's shareholders can submit proposals for consideration at general meetings by providing written notice and detailed contact information[31] - The company has received annual independence confirmation letters from all four independent non-executive directors, confirming their independent status as of the report date[193] - Cheng Jiajun was appointed as an independent director of Panorama Software Co., Ltd. (stock code: 8272.TT) on September 7, 2023[195] - The service agreements for Qiu Huiqin and Lin Fengjie, both executive directors, are initially fixed for three years starting from March 1, 2017, with automatic annual renewals thereafter[196] - Independent non-executive director Cheng Jiajun has a two-year appointment contract with the company, effective from July 31, 2008, with automatic annual renewals[199] - Independent non-executive director Ye Weiming has a two-year appointment contract with the company, effective from May 25, 2006, with automatic annual renewals[200] Audit and Financial Reporting - The company's Audit Committee oversees the financial reporting process, risk management, and internal control systems, ensuring adequate resources and qualifications for accounting and financial reporting functions[21] - The company's external auditors confirmed their responsibilities for the independent auditor's report included in the consolidated financial statements for the year ended December 31, 2023[24] - The company's audit fees for the year amounted to HKD 4,380,000, with non-audit services costing approximately HKD 1,809,000, including tax compliance services (HKD 536,000), interim results agreed-upon procedures (HKD 580,000), and ESG report services (HKD 160,000)[49] - The audit committee held six meetings during the year, with attendance details provided for each member[47] - The company's audit procedures included evaluating the appropriateness of the going concern basis and identifying any material uncertainties that could impact the group's ability to continue as a going concern[34] - The company's audit committee assists the board in overseeing the financial reporting process and reviewing actions taken to address internal control and risk management deficiencies[40] - The company's audit partner for the independent auditor's report is Kwong Ka Yan[43] Financial Performance and Metrics - The company's revenue for 2023 decreased by 16.0% to approximately HKD 6,936,000,000 compared to HKD 8,256,000,000 in 2022 due to global inflation, economic downturn, and geopolitical events[79] - The company's gross margin increased to 7.3% in 2023 from 5.6% in 2022, driven by improved economies of scale and cost efficiency in the second half of the year[79] - The company recorded a net loss attributable to shareholders of HKD 231,000,000, compared to a profit of HKD 172,000,000 in 2022[110] - Revenue for the year decreased by approximately 16% to HKD 6,936,000,000 compared to HKD 8,256,000,000 in 2022[110] - Gross margin improved to 7.3% from 5.6% in 2022[110] - Net loss attributable to equity holders was HKD -231 million, a significant decline of 234.1% from a profit of HKD 172 million in 2022[126] - EBITDA decreased by 36.3% to HKD 882 million from HKD 1,385 million in 2022[126] - Inventory turnover days decreased to 87 days, a 15.5% improvement from 103 days in 2022[126] - Revenue for 2023 was HKD 6,936 million, a decrease of 16% compared to HKD 8,256 million in 2022[126] - The company recorded a net loss attributable to equity holders of approximately HKD 231 million (2022: net profit of HKD 172 million), mainly due to decreased revenue, other income, and increased financing costs[166] - Total bank and other borrowings decreased by 22.4% to approximately HKD 3,137 million (2022: HKD 4,043 million)[166] - Net cash flow from operating activities decreased to approximately HKD 598 million (2022: HKD 2,256 million), primarily due to pre-tax losses and a reduction in trade receivables[167] - Net cash outflow from investing activities was approximately HKD 112 million (2022: HKD 491 million), as the new production facility in Suzhou was completed in 2022[167] - Net cash outflow from financing activities was approximately HKD 962 million (2022: HKD 836 million), mainly due to the repayment of bank borrowings[167] - Cash and bank balances stood at approximately HKD 1,222 million as of December 31, 2023 (2022: HKD 1,707 million)[167] - Trade receivables turnover days increased to approximately 131 days (2022: approximately 107 days), mainly due to lower revenue in the second half of 2022 compared to the first half, resulting in lower trade receivables turnover days in 2022[168] - Trade receivables increased by approximately 2.7% to approximately HKD 2,486,000,000 as of December 31, 2023, compared to HKD 2,421,000,000 as of December 31, 2022[168] - The company's net book value of certain land and buildings used as collateral for bank credit was approximately HKD 20,000,000 as of December 31, 2023 (2022: approximately HKD 20,000,000)[169] Risk Management and Internal Controls - The company's risk management framework is integrated into strategic development, business planning, and daily operations, with regular assessments and management of risk forecasts[52] - The company's inventory provision assessment involved reviewing sample inventory age, historical sales, usage records, and post-period-end inventory usage and sales[37] - The company's audit committee assists the board in overseeing the financial reporting process and reviewing actions taken to address internal control and risk management deficiencies[40] Workforce and Employee Costs - The company's workforce gender ratio as of December 31, 2023, is disclosed in the annual report[45] - The company has approximately 23,000 employees, down from 30,000 in 2022, with employee costs of HKD 1,856,000,000 compared to HKD 2,481,000,000 in 2022[118] - Operating costs decreased by 17.6% to approximately HKD 664 million (2022: HKD 806 million), mainly due to reductions in employee costs, export fees, and transportation expenses[166] - Rising labor costs in China have negatively impacted the company's profitability[148] Production and Operational Strategies - The net book value of the company's property, plant, and equipment as of December 31, 2023, was HKD 5,679,602,000, related to the production and sale of laptop and handheld device casings[63] - The company has been investing in production robots to replace manual labor, aiming to improve efficiency and reduce reliance on labor amidst rising labor and production costs[88] - The company is focusing on optimizing product portfolios and operational strategies to secure higher-priced metal casing orders and expand market share[104] - The company has extended its production capacity to Southeast Asia to reduce costs and improve efficiency[106] - The company acquired land use rights in Vietnam to establish a production facility, aiming to mitigate rising production and labor costs in China[132] - The company is focusing on optimizing production efficiency and cost control through factory consolidation and resource integration in China[132] - The company is relocating part of its production capacity to Vietnam to achieve cost reduction and efficiency improvement, with construction contracts signed for a new factory in Vietnam[136] - The company plans to expand its product portfolio, improve product quality, and focus on developing new products to diversify revenue sources[146] - The company will continue to invest in advanced equipment to maintain product quality and expand its product portfolio to enhance its reputation in the industry[147] - The company is focusing on developing new metal casing products with advanced technologies and materials to meet market demand for high-end, durable, and sleek designs[120] Market and Industry Trends - The company's revenue for 2023 was approximately HKD 6,936,000,000, a 16% decrease compared to 2022, driven by a 14.8% decline in global PC shipments to 242 million units[103] - The company's core products, notebook and 2-in-1 PC casings, faced challenges due to geopolitical conflicts, high inflation, and reduced PC demand post-pandemic, but sales decline narrowed in the second half of the year through supply chain adjustments and strategic changes[104] - The company anticipates a recovery in PC demand driven by AI-enabled PCs, which are expected to capture 19% market share in 2024, and the end of Windows 10 support in 2025, which may accelerate device replacement[105] - The company expects the personal computer market to recover in 2024, driven by AI and Windows system updates[107] - Global PC shipments in 2023 totaled 242 million units, a 14.8% decline from 2022, marking the worst year for the PC industry since 2006[135] - Q4 2023 global PC shipments increased by 0.3% to 63 million units, ending seven consecutive quarters of decline[135] - The company anticipates a recovery in the PC market in 2024, driven by AI advancements and Windows OS updates[129] - Global notebook demand weakened due to uncertain international financial situation, geopolitical conflicts, and high inflation, leading to prolonged high inventory levels[136] - The global PC market is expected to recover in 2024, with AI-compatible PCs predicted to account for 60% of all PC shipments by 2027, providing growth momentum for the company[137] - The company faces challenges from new substitutes in the notebook and handheld device markets, hindering recovery from this year's weak performance[138] Other Financial Metrics and Transactions - Inventory turnover days decreased to 87 days from 103 days in 2022[116] - Inventory value decreased by 29.9% to HKD 1,539,000,000 as of December 31, 2023, compared to HKD 2,194,000,000 in 2022[116] - Foreign exchange gains amounted to HKD 112,000,000, down from HKD 395,000,000 in 2022[113] - Capital commitments for the acquisition of buildings, machinery, and office equipment amounted to HKD 253,000,000 as of December 31, 2023, up from HKD 93,000,000 in 2022[118] - Other income and gains decreased by 74.4% to approximately HKD 280 million in 2023, compared to HKD 1,094 million in 2022, mainly due to the absence of gains from the sale of property, plant, and equipment, and a decrease in foreign exchange gains[140] - Trade payables and notes turnover days increased to 51 days in 2023 from 39 days in 2022, with trade payables and notes rising by 8.3% to approximately HKD 891 million[143] - Other expenses decreased by 80.8% to approximately HKD 75 million (2022: HKD 392 million), driven by a significant reduction in impairment losses on property, plant, and equipment, and no goodwill impairment[166] - Financing costs increased by 76.5% to approximately HKD 215 million (2022: HKD 122 million), primarily due to higher US dollar loan interest rates[166] Client and Supplier Relationships - The company's clients are primarily global renowned notebook computer manufacturers and brand owners, with no long-term sales contracts in place with any major clients[176] - The company actively seeks new clients to mitigate potential negative impacts on business and profitability if any major client ceases purchasing[176] - Sales to the top five customers accounted for approximately 82% of the company's annual revenue as of December 31, 2023, with the largest customer contributing about 24%[191] - Purchases from the top five suppliers constituted less than 30% of the total procurement for the year ended December 31, 2023[191] Management and Operational Focus - The company emphasizes professional division of labor and teamwork in management, particularly focusing on on-site management to continuously improve quality and technology[175] - The company places high importance on supply chain management, selecting high-quality suppliers through transparent procedures and prioritizing those with strong social responsibility[176] - The company's executive director, Lin Fengjie, is responsible for overseeing new technology development within the group[180] Shareholder Value and Dividends - The company is committed to enhancing shareholder value through sustainable profit growth and stable dividends, considering capital adequacy, liquidity, and business expansion needs[89] - The company's borrowing ratio decreased to approximately 25.8% as of December 31, 2023, down from 28.5% in the previous year, primarily due to a reduction in total bank and other borrowings to HKD 3,137,000,000 from HKD 4,043,000,000[93] Capital and Share Issuance - The company did not issue any shares during the year ended December 31, 2023[190]

- 8 - 4. 融資成本 | --- | --- | --- | |---------------------------------------------------------|-----------------------|---------------------| | | 二零二三年 \n千港元 | 二零二二年 \n千港元 | | 已售存貨的成本 | 6,428,556 | 7,792,204 | | 物業、廠房及設備折舊 | 812,325 | 1,001,293 | | 使用權資產折舊 | 21,825 | 23,803 | | 存貨撥備／（撥備回撥）淨額 | (40,518) | 108,229 | | 應收貿易款項減值／（減值回撥） | (1,574) | 1,685 | | | | | | 撇銷／（回撥）應收貿易款項 出售物業、廠房及設備項目及 | 4,729 | (2,523) | | 使用權資產虧損／（收益）淨額 | 2,344 | (525,446) | | 出售分類為持作出售之非流動資產虧損 | 964 | - | | 外幣匯兌收益淨額 | (111,780) | (394,9 ...

JU TENG INTERNATIONAL HOLDINGS LIMITED 巨 騰 國 際 控 股 有 限 公 司 (於開曼群島註冊成立之有限公司) 股份代號:3336 中期報告 | --- | --- | |-------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------| | | | | | | | 執行董事 | 企業管治委員會 | | 鄭立育先生 （主席兼執行長） 邱輝欽先生 （戰略長） 黃國光先生 林豐杰先生 徐容國先生 （財務總監） | 葉偉明先生 （主席） 鄭立育先生 黃國光先生 程嘉君先生 蔡文預先生 | | 非執行董事 | 袁志豪先生 | | 鄭立彥先生 | 香港法律之法律顧問 趙不渝馬國強律師事務所 | | 獨立非執行董事 | 核數師 | | 程嘉君先生 蔡文預先生 葉偉明先生 袁志豪先生 | 安永會師事務所 ...

截至二零二三年六月三十日止六個月，本公司批准及派付前財政年度的每股普通股 5 港仙之末期股息（截至二零二二年六月三十日止六個月：8 港仙），合共約 60,000,000 港元（截至二零二二年六月三十日止六個月：約 96,001,000 港元）。 本集團所給予信貸期一般介乎60至120天。應收貿易款項不計利息。本集團並無就該 等結餘持有任何抵押品或其他信貸增級品。 應付貿易款項不計利息，且一般須於 60 至 120 天結算。 管理層討論及分析 - 12 - | --- | |---------------------------------------------------------------------------------------| | | | | | （主要來自換算以美元計價的應收貿易款項）約 190,000,000 港元（二零二二年：約 | | 225,000,000 港元）、出售一間附屬公司的收益約 43,000,000 港元（二零二二年：無）、利 | | 息收入約 13,000,000 港元（二零二二年：約 2,000,000 港元）、租金收入總額約 12,000,000 | | 港 元 ...

3-9-2018 (b) 於二零二一年四月頒佈的香港財務報告準則第16號（修訂本）將承租人選擇不應用租賃修改以計及因 2019冠狀病毒病疫情的直接後果而產生的租金優惠的簡易實務處理方法的可用性延長12個月。因此， 該簡易實務處理方法適用於租賃付款的任何減少僅影響原定於二零二二年六月三十日或之前到期的付 款的租金優惠，惟須符合採用該簡易實務處理方法的其他條件。 本集團已於二零二二年一月一日採用該等修訂。然而，本集團並無收取與2019冠狀病毒病相關的租金 優惠，故該等修訂對本集團的財務狀況及表現並無任何影響。 年報 2022 巨騰國際控股有限公司 64 財務報表附註 二零二二年十二月三十一日 3.1 會計政策及披露之變動（續） (c) 香港財務報告準則第16號（修訂本）禁止實體從物業、廠房及設備項目成本中扣除資產達到管理層預定 的可使用狀態（包括位置與條件）過程中出售項目所產生的所有所得款項。相反，實體須將出售任何有 關項目的所得款項及成本（如香港會計準則第2號「存貨」所釐定）計入損益。本集團已於二零二一年一 月一日或之後前瞻性地應用該等修訂於可供使用的物業、廠房及設備項目。由於在物業、廠房及設備 可供使用前並無 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不會就因本公告全部或任何部分內容而產生或 因倚賴該等內容而引致之任何損失承擔任何責任。 巨騰國際控股有限公司 JU TENG INTERNATIONAL HOLDINGS LIMITED （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號： 3336） 截至二零二二年⼗⼆⽉三⼗⼀日止年度 全年業績 | --- | --- | --- | |-------|---------------------------------------------------------|-------------------------------------------------------------------------------------------------| | | | | | | 財務摘要 | | | | 截至二零二二年十二月三十一日止年度的收入約為 26.8% 。 | 8,256,000,000 港元，同比下跌約 | | | 截至二零二二年十二月三十一日止年 ...